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You Successfully Applied for and Received a PPP Loan Under the CARES Act: Now What?
For an SBA loan to be forgiven under the Paycheck Protection Program, which was enacted as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, numerous strings are attached. Given the program’s strict restrictions on the use of loan proceeds, as well as its limitations on ultimate loan forgiveness, borrowers face the very real prospect that some or all of their PPP loans may not be forgiven, or even worse. (Read More)